off

Metric ton of bananas will increase to 75 euros in 2020

With the closing of the trade agreement between Ecuador and the European Union (EU), the banana industry hopes that with this, the fruit production increases about 5%. “In the case of bananas, the tariff reduction will begin in 2016 and will conclude in 2020. This will...
Posted On 28 Jul 2014
, By
off

Commission prepares report on unemployment pension funds

The Commission on Rights of Workers and Social Security declared itself in permanent session to work on the report for the first debate of the draft law regulating Supplemental Previsional Unemployment Funds of the country. The members of the commission announced the decision in...
Posted On 27 Jul 2014
, By
off

$ 8 million for the South Bank

Last Wednesday Foreign Minister Ricardo Patino, informed that as part of its capital contribution to the South Bank, the Ecuadorian government has opened an account at the Central Bank of Ecuador (BCE for its Spanish acronym) in which it will make a first deposit for eight...
Posted On 24 Jul 2014
, By
off

CFN has two new credit plans

The National Finance Corporation (CFN for its Spanish acronym) has two new credit plans framed in the Progress Program, these are: National Guarantee Fund and Fixed Assets. Soledad María Barrera, Head of the CFN, said that the fixed assets credit line has a budget of $ 120...
Posted On 24 Jul 2014
, By
off

Liquor prices will drop due to tariff reduction

Liquors prices will drop by the tariff reduction, which will start when the trade agreement between Ecuador and the European Union takes effect, approximately in 2016. That’s why formal businesses make calculations of the new prices of liquor from the EU. A Johny Walker...
Posted On 24 Jul 2014
, By
off

EU will support the Ecuadorian economic growth

During a visit to Ecuador, which will take place later this week by Development Commissioner of the European Union (EU), Andris Piebalgs, the announcement of a new bilateral funding for $ 90 million, will be revealed. According to the European Commission, the aid for the period...
Posted On 23 Jul 2014
, By
off

5,626 drugs will have their prices regulated

During a conversatory, the Minister of Production, Employment and Competitiveness, Richard Espinosa, said the price of 5,626 medicaments marketed in Ecuador will be regulated from next September, after verifying that there are drugs that have uneven costs in the local market. For...
Posted On 22 Jul 2014
, By
off

Agricultural sector must improve its production after agreement with the EU

After Ecuador signed the trade agreement with the European Union (EU), the Ecuadorian farmers should be prepared to improve their production, which will have free access to the European market.  The President of the Farmers Chamber of zone I Victor López, praised the achievement...
Posted On 22 Jul 2014
, By
off

Second debate about Monetary Code will be tomorrow

Tomorrow, the draft Organic Monetary and Financial Code will be discussed for the second time at the plenary of the National Assembly. On Saturday, the Economic Commission Board approved the report for the second debate of the draft incorporating changes to the original draft...
Posted On 21 Jul 2014
, By
off

Travel without a visa is considered in accordance with the European Union

There is the possibility of a possible entry without a visa to the European Union (EU), as an indirect consequence of having a trade agreement with the bloc. This would be done in the same way as in the case of Colombia and Peru, said European officials working in the region....
Posted On 21 Jul 2014
, By